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Jan 17, 2013
01/13
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there is the debt ceiling to have to deal with, there is government spending that expires in march and those automatic spending cuts, sequestration is supposed to hit the federal budget. and right now it appears a strategy that republicans are beginning to coalesce around, perhaps a short-term debt ceiling increase, pass that through the house with spending cuts, deal with the other elements of government spending and then set up a protracted argument or debate over the debt ceiling going forward. as republicans say, when it comes to their strategy, cutting spending is imperative. melissa: there's no celebration the fact we're a nation of $16 trillion in debt and you have someone in the white house that says to do the one thing that makes absolutely no sense whatsoever, and that is raise the debt ceiling with no change in the future? that is actually an absurd argument i don't think any householder in a state run well operates like that. >> house budget committee chairman spoke to reporters a short while ago saying this to work in the strategies on all this trying to identify the spend
there is the debt ceiling to have to deal with, there is government spending that expires in march and those automatic spending cuts, sequestration is supposed to hit the federal budget. and right now it appears a strategy that republicans are beginning to coalesce around, perhaps a short-term debt ceiling increase, pass that through the house with spending cuts, deal with the other elements of government spending and then set up a protracted argument or debate over the debt ceiling going...
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Jan 14, 2013
01/13
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at the enof the day, there's a deal. >> yeah, this is like the debt ceiling is a phony argument. it's really about charter renewal. it's a renewal of a charter do continue spending, and what time and again the american people have been misled on the debt ceiling, what we are talking about you can't default. the government can't default on the debt or paying china and the like, what's bad is entitlement reform. you can. >> but he won't. >> that's not covered by the debt ceiling. >> the president loathes to cut spending of any kind. he wants more spending, in fact, and under no circumstances will he touch medicare, medicaid, social security. agree with that? >> surprised if he touchedded them if there's no real substantive cuts. the only way to cut the diset would be to hit those. i don't think he will. think about this. if simpson-bowles was enacted two years ago or now, if it had, ten years down the road, debt to gdp would be 65%. livable. in greece, it's 100 and change. the other european countries it approaches a hundred. if we do nothing including the new deal putting put toge
at the enof the day, there's a deal. >> yeah, this is like the debt ceiling is a phony argument. it's really about charter renewal. it's a renewal of a charter do continue spending, and what time and again the american people have been misled on the debt ceiling, what we are talking about you can't default. the government can't default on the debt or paying china and the like, what's bad is entitlement reform. you can. >> but he won't. >> that's not covered by the debt...
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Jan 21, 2013
01/13
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remember now john boehner and president obama had a deal the first time, the first time with a the debt ceiling 600 billion dollar number they came to and agreed to john boehner went over to the white house and ready to sign the deal and president obama said, no, make it 800, and moved the goal post and the mouse democrats say we'll punt this, kick the can down the road until april, the debt ceiling, let you raise the debt ceiling and violate the things we promised we wouldn't do to the people that elected us. in return, you guys, senate democrats come up with a budget and you haven't passed one in 1300 some days. chuck schumer says i'll make a deal and take you up on the offer guess what, in the new budget we're going to tax more, tax all you people to agreed to the deal that they just came to january 1st, that deal is done we'll keep that and give another, another bite of at that apple. stuart: this is a financial issue. it's a budget issue, so they need a straight up or down vote in the senate and the democrats have a majority in the senate, but i'll put it to you, a couple of democr
remember now john boehner and president obama had a deal the first time, the first time with a the debt ceiling 600 billion dollar number they came to and agreed to john boehner went over to the white house and ready to sign the deal and president obama said, no, make it 800, and moved the goal post and the mouse democrats say we'll punt this, kick the can down the road until april, the debt ceiling, let you raise the debt ceiling and violate the things we promised we wouldn't do to the people...
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Jan 18, 2013
01/13
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the president of united states as he is not negotiating the debt ceiling. he says it is simply up to congress. it is due to spending that is already approved. the majority of republicans voted against the deal because there were no spending cuts. this was the first strategy session. we are going to have these fights throughout the spring. back to you. cheryl: we just had a guest trying to tell us to avoid the noise in washington. thank you very much, rich. dennis: let's take a look at apple shares right now. down five dollars. 1%. another tip today. an analyst says do not hang up on the iphone maker. that cancellation of orders for iphone parts, it is not tied to sell drop in demand for iphone5. apple is moving toward so-called -- screens from different suppliers. analyst who are usually critical of apple came out and said, look, this recent sellout, way overdone. cheryl: there really is a lack of facts. we really do not know the true details of what is happening. dennis: people who trade daily had to overact to the slightest, you know negative thing. chery
the president of united states as he is not negotiating the debt ceiling. he says it is simply up to congress. it is due to spending that is already approved. the majority of republicans voted against the deal because there were no spending cuts. this was the first strategy session. we are going to have these fights throughout the spring. back to you. cheryl: we just had a guest trying to tell us to avoid the noise in washington. thank you very much, rich. dennis: let's take a look at apple...
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Jan 16, 2013
01/13
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ceiling to deficit reduction deals. it serves as reminder how much the government has borrowed. senate minority leader mitch mcconnell writes, over the past three decades in fact u.s. presidents and lawmakers from both parties routinely used the debt limit debate to reform government spending. washington democrats under pressure from their favored interest groups continue to adhere to an outdated ideology that says every penny of revenue washington ever got its hands on is sacrosanct. house republicans are enroute to williamsburg, virginia for their retreat. they will consider the options for the upcoming debt ceiling fight. short term increase with modest spending cuts to a 4-year increase including overhaul of the tax code and entitlement programs. back to you. tracy: sound ambitious. rich edson, glad you could stick around and talk to us. we're 29 days away from the debt ceiling d-day. ashley: we are. tracy: will be valentine's day actually. ashley: not pretty though. as you just said, tracy, less than a month away f
ceiling to deficit reduction deals. it serves as reminder how much the government has borrowed. senate minority leader mitch mcconnell writes, over the past three decades in fact u.s. presidents and lawmakers from both parties routinely used the debt limit debate to reform government spending. washington democrats under pressure from their favored interest groups continue to adhere to an outdated ideology that says every penny of revenue washington ever got its hands on is sacrosanct. house...
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Jan 16, 2013
01/13
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so why strike a deal on the debt ceiling when you can just eliminate it? they push from democrats in washington. dennis: a man charged with stealing $400,000 in copy toner. lori and tracy are up next. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in body hair or increased acne in women may occur. report these signs and symptoms to your doctor if they occur. tell your doctor about all medical conditions and medications. do not use if you have prostate or breast cancer. serious side effects could include increased risk of prostate cancer; worsening prostate symptoms; decreased sperm count; ankle, feet, or body swelling; enlarged or painful breasts; problems
so why strike a deal on the debt ceiling when you can just eliminate it? they push from democrats in washington. dennis: a man charged with stealing $400,000 in copy toner. lori and tracy are up next. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women,...
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Jan 15, 2013
01/13
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holding the debt ceiling hostage is not the way to deal with that. take a listen. >> the uncertainty and washington is troublesome. jeff: what message would you sent to the president, to congress, other than, get it done? >> i would like to be a little more respectful than that. you have to find common ground for the good of the country. it has to be a win-win for both political spectrum's. jeff: if they do not extend the debt ceiling, does that damage the economy beyond what you would want to see? >> i do not know exactly what the damage would be. i think it is clear. both the president and congress know we have a spending problem. i do not think you can hold one aspect of the sequester part of the budget or the limit on the national debt hostage to the good of the country and the economic progress. jeff: dan akerson exclusively on the fox business network talking about the debt ceiling. possibly the sexiest unveil of the show. it was the chevy corvette. the seventh generation. that is one of the things that dan akerson is concerned about. they are
holding the debt ceiling hostage is not the way to deal with that. take a listen. >> the uncertainty and washington is troublesome. jeff: what message would you sent to the president, to congress, other than, get it done? >> i would like to be a little more respectful than that. you have to find common ground for the good of the country. it has to be a win-win for both political spectrum's. jeff: if they do not extend the debt ceiling, does that damage the economy beyond what you...
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Jan 15, 2013
01/13
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obviously, the debt ceiling is important. you will see some real coalition around the boehner real. you know, hopefully that is something that is sealable and relevant to the white house. it used to be pay-as-you-go. connell: times have changed. dylan glenn, thanks a lot. dagen: is lawmakers screw up or interest rates going up? peter hayes oversees more than $100 billion in assets. good of you to be here. they mess up on raising the debt ceiling, do you think interest rates will shoot up or what can we expect in terms of that market? >> expect volatility. the bottom line is you will see volatility. the longer we go and connell talked about some of the issues in washington, how you get there, missing payments and so forth. it will get messy. they seem to react only when their backs are against the wall. the longer they go, the higher probability the u.s. misses its triple rating. oddly enough, prices rose and rates fell. that will be the real teaser. dagen: that is the upside down crazy world that we live in. you miss behave and we have longer-term interest rates. how long can that c
obviously, the debt ceiling is important. you will see some real coalition around the boehner real. you know, hopefully that is something that is sealable and relevant to the white house. it used to be pay-as-you-go. connell: times have changed. dylan glenn, thanks a lot. dagen: is lawmakers screw up or interest rates going up? peter hayes oversees more than $100 billion in assets. good of you to be here. they mess up on raising the debt ceiling, do you think interest rates will shoot up or...
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Jan 14, 2013
01/13
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the debt ceiling increase is remind forea generation that the u.s. must tackle its debt and deficit problems. that is why there must be spending decreases, something they say wasn't a part of the deal the president just signed to avert, at least some of the fiscal cliff. tracy: here we go again. if february 15th is the big day, that would mean your poor wife will probably be alone on valentine's day, rich edson. god bless you. >> there are worse things. tracy: buy her a box of chocolate. >>> with earnings season getting in full swing this week our next guest says results could provide a base for the market to move higher especially because expectations are so darn low. joining us, margie battle, wells fargo advantage funds senior portfolio manager. earnings are low but doesn't bode well for what we'll hear out of these companies, does it? >> well i think some companies have done some preannouncements where they're expecting their growth to slow down because we should have some pretty low gdp growth for the next several months because of all the uncer
the debt ceiling increase is remind forea generation that the u.s. must tackle its debt and deficit problems. that is why there must be spending decreases, something they say wasn't a part of the deal the president just signed to avert, at least some of the fiscal cliff. tracy: here we go again. if february 15th is the big day, that would mean your poor wife will probably be alone on valentine's day, rich edson. god bless you. >> there are worse things. tracy: buy her a box of chocolate....